Terreno Announces 82,000 SF Lease Deal At Countyline Corporate Park
The ten-year lease will commence upon completion of building construction and tenant improvements expected to be in June 2025.
The ten-year lease will commence upon completion of building construction and tenant improvements expected to be in June 2025.
The property consists of three 36-foot clear height rear-load industrial distribution buildings containing approximately 495,000 square feet on 23.4 acres.
The building has been 70% pre-leased to a cruise ship industry provider of non-perishable food items and food service supplies commencing with building completion and tenant build-out, expected to be in the third quarter of 2025, and expiring February 2033.
Building 39 of Terreno Realty Corporation’s Countyline Corporate Park, which is 100% leased to one tenant, is a 178,000-square-foot, 36-foot clear height industrial distribution building on 10.9 acres with 58 dock-high and two grade-level loading positions and parking for 156 cars.
The deal brings Countyline Corporate Park Phase IV Building 33 to 67% pre-leased.
Countyline Corporate Park Phase IV consists of a 121-acre project entitled for 2.2 million square feet of industrial distribution buildings in Miami’s Countyline Corporate Park
His recent transactions include representing Terreno Realty Corporation in the off-market purchase of a 6.72-acre industrial site in Medley for $20 million and subsequently negotiating a 10-year lease for the full facility with a national credit tenant on behalf of Terreno.
This milestone marks the continuation of Phase IV, a 121-acre site within Countyline Corporate Park that can accommodate up to 2.2 MSF at full build out.
The ten-year lease is expected to commence in November 2023 upon completion of tenant improvements.
Transwestern’s Carlos Gaviria, Thomas Kresse, Walter Byrd, and Ben Eisenberg represented building owner Terreno Realty Corporation in the transaction.
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